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What Does the Fiscal Cliff Deal Mean for the U.S. Solar Industry?
Renewable Energy World: Several weeks ago, we wrote on the potential implications of the “fiscal cliff” for the U.S. solar industry if Congress and the President failed to reach an agreement to prevent dramatic tax increases and spending cuts, which would have taken effect January 1, 2013. Sequestration would have led to a reduction in the value of 1603 cash grants by 7.6%, and we hypothesized that overall the poor economic climate and high degree of uncertainty caused by a fiscal cliff would likely hurt the supply of tax equity available for solar projects, although the contraction would not be as detrimental as in 2008.
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